Financial Performance - Net loss reduced to $10.1 million compared to a net loss of $28.2 million in the prior year Third Quarter[6] - Adjusted EBITDA increased by $5.5 million from the prior year to -$0.7 million[6] - Net sales decreased by $12.2 million, or 9.6%, to $114.9 million compared to $127.1 million in the prior year[8] - Direct-to-consumer net sales decreased by 15.5% to $67.4 million due to lower traffic[8] - Gross profit for the nine months ended November 2, 2025, was $187.220 million, down from $202.031 million in the same period of 2024, reflecting a decrease of 7.3%[30] - The company reported a net loss of $10.101 million for the three months ended November 2, 2025, compared to a net loss of $28.231 million for the same period in 2024[30] - Adjusted EBITDA for the nine months ended November 2, 2025, was $7.468 million, compared to $6.084 million for the same period in 2024, showing an increase of 22.8%[34] Sales and Revenue Guidance - Affirming the higher end of fiscal 2025 Adjusted EBITDA guidance range of $23 million to $25 million[13] - Updating net sales guidance to a range of $555 million to $565 million[13] Expenses and Costs - Selling, general and administrative expenses decreased by $11.6 million, or 14.1%, to $70.7 million[10] - Gross margin increased to 53.8% of net sales, up from 52.3% in the prior year, despite a $3.0 million tariff impact[9] - The company incurred interest expense of $4.181 million for the nine months ended November 2, 2025, compared to $3.232 million for the same period in 2024, reflecting an increase of 29.3%[30] Assets and Liabilities - Total current assets increased to $228.746 million as of November 2, 2025, from $191.631 million as of February 2, 2025, representing a growth of 19.4%[27] - Total liabilities rose to $310.322 million as of November 2, 2025, compared to $272.763 million as of February 2, 2025, indicating an increase of 13.8%[27] Cash Flow and Liquidity - Cash and cash equivalents of $8.2 million with net liquidity of $88.6 million[11] - Cash and cash equivalents at the end of the period were $8.172 million, a decrease from $9.335 million at the end of the previous period[32] - The company experienced a net cash used in operating activities of $31.115 million for the nine months ended November 2, 2025, compared to $58.125 million for the same period in 2024[32] Inventory - Inventory down $39.2 million or 17.0% compared to last year[6] Shareholder Information - The weighted average shares of common stock outstanding increased to 34.517 million for the three months ended November 2, 2025, from 33.448 million for the same period in 2024[30]

Core Insights - Duluth Holdings Inc. reported a net loss of $10.1 million for the third quarter of fiscal 2025, a significant improvement from a net loss of $28.2 million in the same period last year [4][27] - The company affirmed the higher end of its previously issued fiscal 2025 Adjusted EBITDA guidance, now expecting between $23 million and $25 million, while updating net sales guidance to a range of $555 million to $565 million [16] Financial Performance - Net sales decreased by $12.2 million, or 9.6%, to $114.9 million compared to $127.1 million in the prior year [7] - Direct-to-consumer net sales fell by 15.5% to $67.4 million, attributed to lower traffic, although this was partially offset by higher average order values [7] - Retail store net sales increased by 0.4% to $47.4 million, driven by two new store openings and higher average order values [7] Profitability Metrics - Adjusted EBITDA improved by $5.5 million from the previous year, reaching -$0.7 million [4] - Gross margin increased to 53.8% of net sales, up from 52.3% in the prior year, despite a $3.0 million tariff impact [8] - Selling, general, and administrative expenses decreased by $11.6 million, or 14.1%, to $70.7 million, with expenses as a percentage of net sales dropping to 61.5% from 64.8% [9][10] Inventory and Liquidity - Inventory levels decreased by $39.2 million, or 17.0%, compared to the previous year [4] - The company ended the quarter with cash and cash equivalents of $8.2 million and net liquidity of $88.6 million [11] Management Commentary - The CEO highlighted the team's efforts in improving profitability, managing expenses, and reducing inventory levels, which contributed to enhanced gross margins and improved free cash flow [4][6] - The company is focused on re-energizing and expanding its customer base while prioritizing core durable products [6]

Group 1 - U.S. stock futures are trading lower, impacting investor focus on specific stocks [1] - Duluth Holdings Inc. (NASDAQ:DLTH) is expected to report a quarterly loss of 46 cents per share on revenue of $118.50 million, with shares gaining 5.4% to $3.30 in after-hours trading [1] - B Riley Financial Inc. (NASDAQ:RILY) reported earnings of $4.50 per share for Q2, a significant improvement from a loss of $14.35 per share a year ago, with sales increasing to $225.302 million from $94.885 million, leading to a 30.4% jump in shares to $4.85 [1] - Worthington Enterprises Inc. (NYSE:WOR) is expected to post quarterly earnings of 70 cents per share on revenue of $310.60 million, with shares falling 0.7% to $57.74 [1] - Navan Inc. (NASDAQ:NAVN) reported positive third-quarter results but anticipates FY2026 sales of $685.00 million to $687.00 million, below market estimates of $830.87 million, resulting in a 7.7% drop in shares to $13.51 [1] - Lennar Corp. (NYSE:LEN) is expected to report quarterly earnings of $2.21 per share on revenue of $9.02 billion, with shares increasing 0.1% to $119.90 in after-hours trading [1]

Group 1 - The article does not provide any relevant content regarding company or industry insights [1]

Market Overview - Stock index futures indicated a mixed opening, with AI momentum facing challenges due to Broadcom's warning of margin pressures and disappointing AI product order backlog [2] - The Dow and S&P 500 achieved record closes, while the Nasdaq Composite experienced a decline [2] - Investors reacted to the Federal Reserve's decision to cut the policy rate by 25 basis points to a range of 3.50%-3.75%, marking the lowest level in three years [2] Upcoming Economic Reports - Key economic reports to be released next week include the NAHB Housing Market Index, ADP Employment Change, Building Permits, Core Retail Sales, Housing Starts, and Unemployment Rate [3] - Additional reports scheduled for release include MBA Mortgage Applications, Business Inventories, Atlanta Fed GDP, Continuing Jobless Claims, Core CPI, Philadelphia Fed Manufacturing Index, Core PCE Price Index, Personal Income, Personal Spending, and Michigan Consumer Sentiment [3] Earnings Reports - Companies set to report earnings next week include Accenture, Nike, Cintas, FedEx, CarMax, BlackBerry, Paychex, Carnival Corp., Conagra Brands, Lamb Weston, Lennar, Worthington Industries, and Duluth Holdings [4]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow generation and growth potential [1] Group 1 - The service offers subscribers access to a model account with over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the sector [1]

Core Insights - Crude Value Insights provides an investment service and community focused on the oil and natural gas sector, emphasizing cash flow generation and growth potential [1] - Subscribers benefit from a model account featuring over 50 stocks, detailed cash flow analyses of exploration and production (E&P) firms, and live discussions about the industry [1] Subscription Offer - A two-week free trial is available for new subscribers, allowing them to explore the oil and gas investment opportunities [2]

Core Insights - Duluth Holdings (DLTH) has experienced a share price decline of approximately 3% since January [1] Company Analysis - The focus of the analysis is on Duluth Holdings within the consumer discretionary apparel retail sector [1] - The analysis aims to identify companies trading at significant discounts to their intrinsic value, highlighting the importance of long-term value investing [1] Investment Philosophy - The investment philosophy emphasizes rational decision-making, downside protection, and independent thinking [1] - The goal is to highlight undervalued businesses with durable competitive advantages and provide thoughtful analysis to support disciplined, long-term investing [1]

Core Insights - Duluth Holdings (DLTH) has experienced a share price decline of approximately 3% since January [1] Company Analysis - The focus of the analysis is on Duluth Holdings within the consumer discretionary apparel retail sector [1] - The analyst emphasizes the importance of fundamental research and long-term value investing, aiming to identify companies trading at significant discounts to their intrinsic value [1] Investment Philosophy - The investment philosophy is centered on rational decision-making, downside protection, and independent thinking [1] - The goal is to highlight undervalued businesses with durable advantages and provide thoughtful analysis to support disciplined, long-term investing [1]

Core Insights - Duluth Holdings Inc. will report its third quarter 2025 financial results on December 16, 2025, before market opening [1] - A conference call and audio webcast for analysts and investors will take place on the same day at 9:30 am Eastern Time [1] Company Overview - Duluth Trading is a lifestyle brand based in Mount Horeb, Wisconsin, offering high-quality casual wear, workwear, and accessories for both men and women [2] - The brand targets the Modern, Self-Reliant American, emphasizing a hands-on lifestyle and a commitment to quality [2] - Duluth Trading employs humor and storytelling in its marketing to highlight the uniqueness of its products, which are sold through its website, catalogs, and distinctive retail locations [2] - The company is dedicated to outstanding customer service, supported by its "No Bull Guarantee" policy [2]